Another week, another outburst by a one-percenter comparing progressive taxation to Nazi atrocities. Anyway, thinking about this sort of thing makes me realize that there’s a danger, especially for progressives, of confusing the proposition that Obama’s billionaire haters are stark raving mad — which is true — with the proposition that Obama has done nothing that hurts the plutocrats’ interests, which is false. Actually, Obama has been tougher on the one percent than most progressives give him credit for.

Start with taxes. The Bush tax cuts haven’t gone completely away, but at the very high end they have been pretty much reversed; plus there are additional high-end taxes associated with Obamacare. The result is that taxes on wealthy Americans have basically been rolled back to pre-Reagan levels. No, Obama isn’t Hitler; but he is turning out to be a little bit of FDR, after all.

Nice to see you giving a bit of credit to the president and his team for a change. Yes he’s gradually pushed the top rates back to pre Reagan levels and he’s done it largely by stealth. It also needs to be pointed out that, despite all the endless hyperventilating, Federal spending levels IN REAL TERMS is 50% higher than it was when Clinton was in office in 2000. Partly this is a consequence of the war in Afghanistan but quite a lot of it is goodies handed out by Bush as cover for his tax cuts. In fact in overall terms Obama has been very effective at protecting overall federal spending despite a relentless assault. In a way the Republicans have reason to be ticked. When Obama leave office his progressive credentials are going to be looking pretty good even if the far left are disappointed that paradise has been postponed yet again.

Turning to Kristallnacht Perkins, you do have to wonder what the WSJ was thinking. I’ve seen lots of loopy letters there over the years but this was a beaut. Since it’s a conservative own goal, I suspect the letters editor will be getting bawled out by Gigot. How unfortunate.

USA Today: Coming off a week’s vacation, President Obama deals Monday with new rules on the financial system.

Obama holds a closed-door meeting with financial regulators to discuss the impact of new laws, the White House says, including the Dodd-Frank Wall Street Reform bill and the Consumer Protection Act.

The guest list includes the Comptroller of the Currency, the director of the Consumer Financial Protection Bureau (CFPB), and the acting director of the Federal Housing Finance Agency (FHFA).

Also: The chairs of the Board of Governors of the Federal Reserve System (FRB), the Commodity Futures Trading Commission (CFTC), the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration, and the Securities and Exchange Commission (SEC).

In a rare occurrence, Vice President Joe Biden will join President Barack Obama in Scranton for the last stop on the president’s two-day bus tour promoting affordable higher education.

…. The president is scheduled to appear Friday at Lackawanna College, a school spokeswoman and the White House confirmed Friday. The school will be the last stop on a tour that takes Mr. Obama on Thursday to the University of Buffalo in Buffalo, N.Y., and the State University of New York and Henninger High School in Syracuse. Hours before the Scranton stop, the president will take part in a town hall at Binghamton University.

“At each stop, the president will discuss the importance of ensuring that every American has the opportunity to achieve a quality education by reducing cost and improving the value of higher education for middle-class students and their families,” a White House official said…

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ThinkProgress: How Testicular Cancer Convinced A Former Republican Staffer To Leave His Party

Before he could realize the value of affordable health care, one Republican campaign staffer had to experience what it’s like to be without it.

Clint Murphy, who’s been involved with Republican campaigns since the 1990s, was diagnosed with testicular cancer in 2000 when he was 25 years old. Four years and four rounds of chemo treatment later — all of which was covered by insurance — Murphy was in remission. Insurance wasn’t a problem in his subsequent political jobs — he worked on John McCain’s election campaign in 2008 — but when he quit politics in 2010 and entered real estate, he realized just how difficult obtaining insurance with a pre-existing condition could be.

…. That’s why Murphy had this to say to his Republican friends who oppose Obamacare on Facebook last week: “When you say you’re against it, you’re saying that you don’t want people like me to have health insurance.”

President Obama’s weekly addresses tend to be pretty tame, at least as far as political rhetoric goes, but over the weekend his latest weekly message included some fairly pointed language about Republican efforts to sabotage the federal health care system.

Some congressional Republicans, Obama said, are “working hard to confuse people, and making empty promises that they’ll either shut down the health care law, or, if they don’t get their way, they’ll shut down the government…. A lot of Republicans seem to believe that if they can gum up the works and make this law fail, they’ll somehow be sticking it to me. But they’d just be sticking it to you.”

And while the White House pushes against the GOP shutdown threats, far-right activists continue to push in the opposite direction.

Recent political reporting suggests that Republican leaders are in a state of high anxiety, trapped between an angry base that still views Obamacare as the moral equivalent of slavery and the reality that health reform is the law of the land and is going to happen.

But those leaders don’t deserve any sympathy. For one thing, that irrational base is a Frankenstein monster of their own creation. Beyond that, everything I’ve seen indicates that members of the Republican elite still don’t get the basics of health reform — and that this lack of understanding is in the process of turning into a major political liability.

On the unstoppability of Obamacare: We have this system in which Congress passes laws, the president signs them, and then they go into effect. The Affordable Care Act went through this process, and there is no legitimate way for Republicans to stop it.

Illinois Governor Pat Quinn signed a gun-control measure into law on Sunday that expands background checks to cover all firearms purchases in the state, closing what he said was a loophole that exempted gun sales between private parties.

The new law also requires all gun owners to report any lost or stolen firearms to local police within 72 hours.

“Guns are a plague on too many of our communities,” Quinn, a Democrat, said in a statement. “Making sure guns do not fall into the wrong hands is critical to keeping the people of Illinois safe. This commonsense law will help our law enforcement crack down on crime and make our streets safer.”

Julian Assange, who back when he roamed the earth freely used to do things like show up on the steps of St. Paul’s to protest the wrongs of capitalism, has now apparently placed his faith in the man who is arguably the capitalists’ single biggest lickspittle in Washington, Sen. Rand Paul (R-KY). In and of itself, this is only mildly interesting. But Assange’s admirers on the left are so seduced by his oppositionalist posture and his desire to stick it to the man (as long as the man is the government of the United States) that they seem willing to follow him off any cliff, maybe even the cliff of voting for Paul in 2016. It’s a jejune politics, and ultimately a politics of leisure. No one whose day-to-day life is materially affected by the question of who is in office has time for such silly games, and therefore, no one who purports to be in solidarity with those people should either.

… these seemingly left-wing anti-establishment types should never be trusted. These are just playtime politics, luxuries for the leisure class. If you want a real left-winger, I say stick with Marx. At least he understood that politics is chiefly about economic relations. Anyone who doesn’t understand that is sending you down blind alleys, knows little about politics to begin with, and should be shunned by anyone who claims to be anywhere on the broad left side of the spectrum.

They carried signs that demanded “Voting Rights,” “Jobs for All” and “Decent Housing.” They protested the vigilante killing of an unarmed black teenager in the South and his killer’s acquittal. They denounced racial profiling in the country’s largest city.

This isn’t 1963 but 2013, when so many of the issues that gave rise to the March on Washington fifty years ago remain unfulfilled or under siege today. That’s why, on August 24, a broad coalition of civil rights organizations, unions, progressive groups and Democratic Party leaders will rally at the Lincoln Memorial and proceed to the Martin Luther King Jr. Memorial to honor the fiftieth anniversary of the march and dramatize the contemporary fight. (President Obama will participate in a separate event commemorating the official anniversary on August 28.)

The Supreme Court’s decision gutting the Voting Rights Act in late June and the acquittal of George Zimmerman less than three weeks later make this year’s march “exponentially more urgent” with respect to pressuring Congress and arousing the conscience of the nation, says Ben Jealous, president of the NAACP, a co-sponsor of the march.

Four years ago – Pete Souza: “I was sitting in the reception area outside the Oval Office when Sasha walked by and headed to the Oval. I suspected something was up, so I followed her. Sasha then crawled into the office, hiding behind the sofa, and when she reached the far end, jumped up and yelled trying spook her dad.” Aug. 5, 2009

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Today (all times Eastern):

12:45: Press Briefing by Jay Carney

6:0: The President meets with former Negro League baseball players

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The Week Ahead:

Tuesday: The President will travel to the Phoenix, Arizona area to continue talking with Americans about his better bargain for the middle class

That afternoon, the President will travel to Burbank, California, to tape an appearance on the Tonight Show with Jay Leno.

Wednesday: The President will travel to Camp Pendleton to visit with troops and their families

Thursday: The President will welcome Prime Minister Antonis Samaras of Greece to the White House

USA Today: President Obama has a string of meetings on his schedule Monday, one of them with a group of legends.

Early this evening, Obama meets with former Negro League baseball players at the White House.

The president will honor the players’ “contributions to our nation’s history, civil rights, and professional baseball,” says the White House schedule.

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WCHB: Minnie Forbes Owner of the 1956 Detroit Stars Honored by President Obama

The Michigan Chapter of Negro League Baseball Players celebrate one of their members, Minnie Forbes. She is the former owner of the 1956 Detroit Stars Baseball Team. Forbes is credited with being the third woman in the United States to own a team in the Negro Leagues. After 1958, Forbes went on to be the fourth woman to play baseball in the Negro Leagues. She was the third basemen for the Kansas City Monarchs.

Louis Manley, Jr is a well-known Detroit historian and the president of The Michigan Chapter of Negro League Baseball. He is excited to be recognized nationally as a leader in Negro League Baseball. As he prepares to meet and greet President Obama on Monday August 5, 2013 at 5:00 pm in the White House, he is delighted to accompany Minnie Forbes.

Dallas News: Obama order in wake of West blast a ‘game-changer’ in chemical safety, senator says

Barbara Boxer, chairwoman of the U.S. Senate’s environment and public works committee, sat visibly frustrated in a June congressional hearing. She finally told the Environmental Protection Agency official that “lives are being lost” while the agency failed to better safeguard the fertilizer chemical that blew up West.

Weeks later, Boxer wrote to the nation’s governors. She implored them to do what they could to improve the security of ammonium nitrate. Finally, the California Democrat turned to the White House. The results of her efforts became public last week when President Barack Obama issued an executive order directing the federal government to improve safety at chemical facilities.

“For me, it’s a game-changer,” Boxer said in an interview with The Dallas Morning News. “I saw the intransigence of some of the agencies. I saw them arguing and not committing. … We asked the president to help make sure this [type of disaster] never happens again.”….

Eric Cantor’s lengthy interview yesterday on Fox News Sunday is really worth reading in full and pondering at some length. It perfectly captures why it’s looking more and more likely that we are genuinely headed for a government shutdown this fall.

In the interview, Fox host Chris Wallace practically begs Cantor to have a reality-based conversation about the coming shutdown fight, the sequester, and Obamacare. Again and again, Cantor steers the conversation back into pure fantasy….

Last week House Republicans voted for the 40th time to repeal Obamacare. Like the previous 39 votes, this action will have no effect whatsoever. But it was a stand-in for what Republicans really want to do: repeal reality, and the laws of arithmetic in particular. The sad truth is that the modern G.O.P. is lost in fantasy, unable to participate in actual governing.

Just to be clear, I’m not talking about policy substance. I may believe that Republicans have their priorities all wrong, but that’s not the issue here. Instead, I’m talking about their apparent inability to accept very basic reality constraints, like the fact that you can’t cut overall spending without cutting spending on particular programs, or the fact that voting to repeal legislation doesn’t change the law when the other party controls the Senate and the White House.

On July 24, Pete Souza, Chief Official White House Photographer, joined Instagram. However, his first photo was not of the President, but the instantly-recognizable Presidential Seal, along with the caption: “My maiden voyage on Instagram. Will bring you behind-the-scenes of the Presidency.” His second picture? Presidential grapes.

Since then, @petesouza has documented the inner workings of the White House and it’s staff, from Marine One’s shadow to the Presidential dog – Bo. Souza talked with TIME’s international picture editor, Patrick Witty, about Instagram and what we can expect to see on his feed (more Bo) and what we won’t see (selfies).

What made you take the plunge and open an Instagram account?

The digital folks here at the White House have been asking me to do this for some time and I thought the time was right to finally take the plunge.

In recent weeks, progressive activists in Florida have pushed a very specific message: in the wake of the George Zimmerman trial, state policymakers need to revisit the controversial “Stand Your Ground” law. Their task hasn’t been easy — Florida Gov. Rick Scott (R) has refused to consider changes to the status quo.

MooooOOOOoooorning everyone! I’m half way through my break but reckoned after all her stupendous posting UT deserved a Monday morning lie-in – endless thank yous to her for the brilliant posting the past week, she’s like Wayne Rooney and Cheesy Puffs rolled in to one.

Leading Republicans appear to be nerving themselves up for another round of attempted fiscal blackmail. With the end of the fiscal year looming, they aren’t offering the kinds of compromises that might produce a deal and avoid a government shutdown …. they’re threatening, once again, to block any rise in the debt ceiling, a move that would damage the U.S. economy and possibly provoke a world financial crisis.

Yet even as Republican politicians seem ready to go on the offensive, there’s a palpable sense of anxiety, even despair, among conservative pundits and analysts. Better-informed people on the right seem, finally, to be facing up to a horrible truth: Health care reform, President Obama’s signature policy achievement, is probably going to work.

And the good news about Obamacare is, I’d argue, what’s driving the Republican Party’s intensified extremism. Successful health reform wouldn’t just be a victory for a president conservatives loathe, it would be an object demonstration of the falseness of right-wing ideology. So Republicans are being driven into a last, desperate effort to head this thing off at the pass……

The notion that GOP sabotage governing tactics could ultimately prove counter-productive and self defeating for the Republican Party is now being increasingly voiced by Republicans themselves.

….. with Republicans hurtling towards another set of crises over the debt limit and funding the government they are openly nervous about the GOP’s continued embrace of its intransigent scorched earth governing posture…

…. More public disunity from Republicans about their tactics – even as Dems remain relatively united behind their insistence that they won’t negotiate over the debt limit and will continue to demand new revenues as part of any budget deal – will only encourage the White House to hold a harder line.

Senior White House officials are discussing a budget strategy that could lead to a government shutdown if Republicans continue to demand deeper spending cuts, lawmakers and Democrats familiar with the administration’s thinking said Thursday.

The posture represents a more confrontational approach than that of this spring, when President Obama decided not to escalate a fight over across-the-board reductions known as sequestration in an earlier budget battle with Republicans.

The change in tone has been evident in repeated and little-noticed veto threats over the past few weeks by Obama, who has rarely issued the warnings with such frequency. He has made it clear that he will not sign into law Republican spending bills that slash domestic programs even more deeply than sequestration.

…. In addition to the voluminous list of documented problems, just over the last few days we’ve gotten a better sense of the ways in which [sequestration cuts are] hurting the military, public schools, parks, and the justice system. The poor and minorities are disproportionately suffering.

Did the political world care about these stories? Not really…. So what made yesterday different? This did:

The nonpartisan Congressional Budget Office on Thursday estimated that keeping the spending cuts from sequestration in place through fiscal 2014 would cost up to 1.6 million jobs …. Canceling the cuts, on the other hand, would yield between 300,000 to 1.6 million new jobs, with the most likely outcome being the addition of 900,000, the CBO said.

CNN: Organizing for Action, the political advocacy group aligned with President Barack Obama, has turned the hour-long speech the president delivered in Illinois on Wednesday into a 60-second television spot that will air on national cable.

Clips of the president are spliced together with photographs of construction workers, manufacturers, students, and families, all designed to promote the economic message the White House says will be their focus on the coming months.

…. It makes no sense to argue that you support Stand Your Ground and then condemn Trayvon Martin for confronting a guy who was following him. You can’t pick and choose who gets to stand their ground based on a perception of threat. Which is why that law is so obscene.

….. All anti-abortion protesters should be presented, on the spot, with an application to sign up as foster parents. They should also be given the names of children in their area in need of adoptive parents. And if they won’t sign or volunteer, they should shut up.

…. If Obamacare is so awful, why do conservatives have to lie so much about what it really does? (See death panels, government takeover of health care, preventing folks from choosing their own doctors, and pretty much anything any Republican has said about the program over the last few years.)

…. The fact that some folks learned something in school does not make them elitist. It makes them educated.

Steve Benen: What ‘conservatives gone wild’ looks like in North Carolina

….. [In North Carolina} …. the most sweeping voter-suppression efforts seen anywhere in the United States in generations ….. the proposal is remarkable in its scope, including a needlessly discriminatory voter-ID provision, new limits on early voting, blocks on voter-registration drive, restrictions on extended voting times to ease long lines, an end to same-day registration, new efforts to discourage youth voting, and expanded opportunities for “vigilante poll-watchers to challenge eligible voters.”

How many North Carolina Republican lawmakers supported these suppression tactics for no apparent reason? Each and every one of them…..

Salon’s arc of fail last week began with David Sirota’s meditation that “we are all targets now,” which spawned a minor revolution on social media and inspired TWiB Prime to break its hiatus for the “This Motherfucker Right Here Hour.” Now, Cornel West, among many others, has repeated the parallel, alleging that Obama is a “global George Zimmerman” because the Administration has sanctioned the use of drones for targeted killing in Yemen and elsewhere.

The strange essence of the critique is that Obama is a hypocrite for publicly, personally identifying with one murdered Black boy while the Administration’s foreign policy justifies the murders of innocent brown people abroad. This inappropriate parallel between Obama and Zimmerman erases the suffering of Black people and other marginalized groups in America, allows white men to co-opt the conversation while claiming that they are anti-racist, ignores crucial differences between vigilante justice and foreign policy, and requires Obama to be superhuman to maintain authority.

There are several incidents of privilege-blindness among the mostly white male drone-obsessed elite….

It was her stance on abortions that carried Texas Sen. Wendy Davis into the national spotlight, but it wasn’t the reason behind Thursday’s trip to Washington.

A more progressive Texas, not abortion, was the focus of Davis’s trip, which included two fundraisers and multiple meetings with members of Congress and local groups,

“People all across Texas are starting to stand and see that basic Texas values are being abused and abandoned by state leaders,” she told a group of 400, who paid between $25 and $250 to crowd into a bar on Thursday evening to hear Davis speak.

“Those weren’t just Democrats assembled to complain about Republicans,” she said referring to the hundreds who flooded the Texas capitol building last month during her filibuster. “They were Texans.”

One welcome surprise in gun safety occurred this year in Colorado, where the Democratic-led Legislature dared to defy the gun lobby and mandated universal background checks on firearm sales and 15-round limits on ammunition magazines.

The ink was barely dry, however, before the National Rifle Association was vindictively pressing for recall votes against two supporters of the stronger law….

The recall vote, set for Sept. 10, could hardly be more important as a barometer of whether the public, which repeatedly registers support for tougher gun controls in surveys, will show up at the ballot to defend politicians who bucked the gun lobby.

An intense, behind-the-scenes battle is going on for one of the world’s most powerful jobs: Chairman of the Federal Reserve. Backers of two major candidates – current Fed member Janet Yellen and former Treasury Secretary Larry Summers – are busy lobbying the only voter who counts in this type of campaign: President Obama.

Yellen is the Fed’s vice chair and has helped develop the policies of current chairman Ben Bernanke – a point made by both supporters and critics. Bernanke is expected to retire when his term expires in January.

Senate Democrats are circulating a petition in support of Yellen, and House Democratic leader Nancy Pelosi endorsed her in an interview with Bloomberg Television.

Organizing for Action is looking for passionate new leaders who are interested in tackling our country’s big issues for our OFA Fall Fellowship program. This three-month volunteer program is explicitly designed to train the next generation of OFA leaders – if that sounds like you, you can apply today.

Fall Fellows will be working on important issues affecting our country—from protecting Obamacare, to combating climate change, to passing comprehensive immigration reform, Fellows do work that matters every single day.

A year ago: “The President hugs Stephanie Davies, who helped her friend, Allie Young, left, stay alive after she was shot during the movie theater shootings in Aurora, Colo. The President visited patients and family members affected by the shootings at the University of Colorado Hospital. Photo by Pete Souza, July 22, 2012

Tuesday: The President will welcome NCAA Champion Louisville Cardinals to the White House to honor the team and their 2013 NCAA Men’s Basketball Championship

Wednesday: He will travel to Galesburg, Illinois and Warrensburg, Missouri for events on the economy

Thursday: He will welcome President Truong Tan Sang of Vietnam to the White House. In the afternoon, the President will travel to Jacksonville, Florida for an event on the economy. On Thursday evening, he will host an Iftar dinner celebrating Ramadan at the White House

Friday: The President will attend meetings at the White House.

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Time: Drawing renewed attention to the economy, President Barack Obama will return this week to an Illinois college where he once spelled out a vision for an expanded and strengthened middle class as a freshman U.S. senator, long before the Great Recession would test his presidency.

The address Wednesday at Knox College in Galesburg, Ill., will be the first in a new series of economic speeches that White House aides say Obama intends to deliver over the next several weeks ahead of key budget deadlines in the fall. A new fiscal year begins in October, and the government will soon hit its borrowing limit.

…. The president will also speak Wednesday at the University of Central Missouri in Warrensburg, Mo.

Companies are increasingly confident the economy will grow at a modest pace over the next year and are hiring more, according to a survey of business economists.

Nearly one-third of the economists surveyed said their companies added jobs in the April-June quarter …. That’s the highest percentage in nearly two years. And 39 percent expect their firms will hire more in the next six months. That’s near the two-year high of 40 percent reached in the January-March quarter.

…. Optimism about future economic growth increased. Nearly three-quarters of the survey respondents forecast growth of 2.1 percent or more over the next 12 months. That’s up from two-thirds in the first quarter survey, released in April, and the most in a year.

On Friday, the Indiana Department of Insurance announced that initial rates submitted by individual health plan providers for the state’s Obamacare insurance marketplace would cost 72 percent more than currently available plans …. Gov. Mike Pence’s (R) administration was quick to use the figures to criticize the health law….

The problem is, the Department of Insurance didn’t really release “data” in the plural — it released a single data point. The $570 per month figure is the average of all of the submitted rates, including cheaper plans with less benefits (so-called “Bronze” and “Silver” level plans) as well as the more generous and expensive “Gold” and “Platinum” level plans. That’s like saying the average cost of a car in an Indiana dealership is $100,000 because it sells $20,000 Fords, $60,000 BMWs, and $220,000 Lamborghinis — technically true, but highly misleading.

Last week’s report on initial unemployment claims was unexpectedly discouraging, making the good news this morning that more reassuring.

The number of people who applied for regular state unemployment-insurance benefits dropped 24,000 to 334,000 in the week that ended July 13, hitting the lowest level of new claims since early May, signaling a slower pace of layoffs, the U.S. Department of Labor reported Thursday. Economists polled by MarketWatch had expected initial claims to fall to 341,000 from an original estimate of 360,000 in the prior week. However, it’s difficult to precisely measure claims this month because of distortions from events such as annual auto plant shutdowns and the July 4 holiday, they said…. The four-week average of initial claims, a less volatile gauge, declined 5,250 to 346,000.

Philip Bump: Those of you who are old enough may remember a time when Barack Obama was plagued with scandal. “Scandal politics sweep Capitol Hill,” Politico yelped. The suffix “-gate” was added to various words. So what happened to the scandals? For the most part, they’ve been hollowed out. The scandal: Benghazi. What it was: The death of four Americans at a diplomatic (read: CIA) outpost in the Libyan city of Benghazi last September 11th bubbled for a while. The release of emails suggesting a cover-up kicked conspiracy theories into high gear.

How real it was in the first place: Not very. Current status: Last rites administered Those emails reported by ABC News were only part of the story. The White House released the full email chain, making it clear that the administration’s involvement in drafting a set of post-attack talking points wasn’t what opponents suggested. (We even declared the scandal dead the same week.)

News from New York: it looks as if insurance premiums on the individual market are going to plunge thanks to Obamacare. This shouldn’t come as a surprise; in fact, the New York experience perfectly illustrates why Obamacare had to look the way it does. And it also illustrates why conservatives should be terrified about this legislation, as it takes effect. Americans may have had a lot of misgivings in advance, thanks to vast, deliberately spread misinformation. But I agree with Matt Yglesias — unless the GOP finds even more ways to sabotage the plan, this thing is going to work, it’s going to be extremely popular, and it’s going to wreak havoc with conservative ideology.

Conservatives are right to be hysterical about this: it’s an attack on everything they believe — and it’s going to make Americans’ lives better. What could be worse?

Abby Ohlheiser: House Republicans followed up on the Obama administration’s decision to delay the implementation of the employer mandate for one year by voting to make that decision a law, and to extend that delay to all individuals, too. It’s a more limited protest vote than what we’re used to seeing from the House GOP on Obamacare: There have been 38 legislative attempts to revoke either all or part of the health care reform law since 2011.

On Wednesday, both votes to delay passed easily: 264 – 161 for the employer mandate, and 251 – 174 for the individual mandate. They will not become law: President Obama would veto both bills if they made it to his desk.

8:0: Participates in a photo opportunity with President Xi Jinping of China, at The Annenberg Retreat at Sunnylands, Rancho Mirage, California.

8:05: Holds a bilateral meeting with President Xi Jinping

11:0: Holds a working dinner with President Xi Jinping

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Steve Benen: … The U.S. economy added 175,000 jobs in May, slightly better than expected, though the overall unemployment rate inched higher to 7.6%. As is usually the case, there was a gap between the two major sectors – America’s private sector added 178,000 jobs last month, while spending cuts caused the public sector lose 3,000 jobs.

One key figure to keep in mind, however, was local-government hiring, where 13,000 jobs were created. We’ve grown accustomed to municipalities doing the opposite, and if this holds up (and continues), it will strengthen the overall job market…

PS Loved this: “Do you folks remember the last time Steve Benen took a day off? Yeah, we had to go back and look, too. I’m happy to report that Steve is taking vacation today and tomorrow, Thursday and Friday.”

But…. “Steve says he’ll be escaping vacation at least long enough to post the new unemployment report – and his famous bikini graph – on Friday morning.”

Yes, he took a break from his two day vacation to post on the jobs’ figures. He’s a hoot.

Must-read – although, Tomasky makes the mistake of suggesting the deranged hate only comes from the right:

Michael Tomasky: Nothing will stop Republicans from trying to turn the IRS scandal into Watergate. They simply despise Obama too much to settle for anything less ….. That’s all this is really about — their base’s rage at the continued existence of Barack Obama, and their own twisted craving to acknowledge and stoke it.

…. all that is to say nothing of the racist invective that is the constant background music of this presidency …. We in the media never discuss this, but it is a daily diet in this country — yes, daily — and nothing said about any president in history that I can think of comes close to matching its relentless and savage sickness.

…. The liberal base hated George Bush all right, but the hate wasn’t quite as existential, wasn’t quite as drenched in the same kind of suppurated derangement one finds in quarters of the right.

Besides which, Bush discredited himself through his uniform incompetence. Obama, clearly competent, has not done that and is unlikely to do it. So the Republicans have to do it to him. Tarnishing Obama is the only way they can emerge from these eight years not completely humiliated by him, so we’re just going to have to endure it.

Washington Post (March 2006): Off the Record, Bush Makes Media Inroads …. As he defends his Iraq policy with a public campaign of speeches and a recent news conference, President Bush also has been waging a private campaign that has included off-the-record sessions with White House reporters….

One gathering, which took place Thursday in the White House residence, was an unusual gesture by Bush, who has agreed to comparatively few lengthy exchanges with reporters during his five years in office….

Last week’s session involved reporters from several prominent broadcast and print outlets, including ABC News and The Washington Post. Under the off-the-record ground rules, the journalists were barred from reporting what was discussed. White House officials said they also hoped the meetings’ mere existence would remain under wraps….

Joe Conason (National Memo): …. The notion that Barack Obama is “Nixonian” – or that his administration’s recent troubles bear any resemblance to “Watergate” – is the biggest media lie since the phony “Whitewater scandal” crested during the Clinton presidency.

…. Only in a country afflicted with chronic historical amnesia could they issue such accusations without shame or embarrassment. Only under those circumstances could the Republicans continue their fitful fabrication of a “Democratic Watergate” without fear of being laughed off the stage….

…. But certain liberals in the media have fretted loudly over Obama’s “scandals,” too ….. is it all just trumped-up hysteria? To answer those questions, it helps to remember what Nixon and his gang actually did to America – and why they were driven out of Washington and, in many cases, sent to prison….

Steve Benen: Student loans reclaim center stage ….. President Obama will deliver remarks, flanked by college students, on a subject that too often goes overlooked: student loans. With a looming interest rate hike, the president will reportedly “call on Congress to help keep college affordable for middle-class families and students by preventing student loan interest rates from doubling on July 1.”

…. House Republicans say they’ve already passed a bill on this, which is true. They also say their bill is worthwhile and consistent with White House demands, which is not true…..

Bloomberg: Euro-area unemployment increased to a record in April after the currency bloc’s recession deepened in the first quarter, increasing pressure on its leaders and the European Central Bank to spur economic growth.

The euro-area jobless rate rose to 12.2 percent from 12.1 percent in March…. to 19.38 million in April, up 95,000 from the previous month. Youth unemployment was at 24.4 percent …. Spain had the highest rate at 26.8 percent. No April data were available for Greece, which had a 27 percent rate in February.

President Obama will announce Monday he has selected Gina McCarthy to head the Environmental Protection Agency and MIT physics professor Ernest Moniz to head the Energy Department …. the President is also scheduled to announce he has selected Walmart Foundation President Sylvia Mathews Burwell as head of the Office of Management and Budget.

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Michael Tomasky: Why does Bob Woodward get to lie — twice! — and still be Bob Woodward? And why is it that the Republicans can be so intransigent and Barack Obama gets blamed? Michael Tomasky explains.

Woodwardgate got me reflecting on the question of Washington morality. Now yes, that’s an oxymoron if ever there was one. But surely there is some set (however bizarre) of impulses and rules that lets Bob Woodward say what he said, and Politico promote it as if it were a feud between two soap opera stars, with both walking away essentially unharmed, as they likely will …..

More important than that, there must be a set of impulses and rules that observes what has been going on in this town for the last four years, with Republicans being the most obstructionist opposition in the country’s modern history, and yet somehow contrives to blame Barack Obama for the fact that our government can’t function…..

Paul Krugman: Ezra Klein mans up and admits he was wrong. He had written a piece suggesting that if only Republicans knew how much Obama has been willing to offer, they might be willing to make a deal. Jonathan Chait set him straight, informing him that no matter what Obama put on the table, Republicans would find a way to say that it’s not enough. And sure enough, a Twitter exchange lets Klein watch that process in real time, as a top Republican consultant, confronted with evidence that Obama has already conceded what he said was all that was needed, keeps adding more demands.

….. the centrist pundits keep demanding that Obama offer what he has already offered, and condemn both sides equally (or even place most of the blame on Obama) for the failure to reach a deal. Again, informing them of their error wouldn’t help; their whole shtick is about blaming both sides, and they will always invent some reason why Obama just isn’t doing it right.

Steve Benen: Watching House Speaker John Boehner on “Meet the Press” yesterday, it was hard not to wonder about the Republican leader’s frame of mind. Given the distance between reality and his rhetoric, one question hung over the interview: does Boehner actually believe his own talking points?

For example, the Speaker insisted, “[T]here’s no plan from Senate Democrats or the White House to replace the sequester.” Host David Gregory explained that the claim is “just not true”…..

Greg Sargent: Credit where credit is due: NBC’s David Gregory did a nice job pinning down John Boehner’s evasions and falsehoods during a lengthy interview on Meet the Press yesterday. Gregory called out Boehner for falsely claiming Dems have no plan to reduce the deficit. And Gregory didn’t let Boehner get away with suggesting Dems haven’t gotten serious about spending cuts, confronting the Speaker with the fact that they agreed to deep cuts in 2011.

But there’s still one question that I’d like to see posed to Boehner and every GOP lawmaker. It’s this: Is there any ratio of entitlement cuts to new revenues that Republicans could support, and if so, what is that ratio?

LA Times: OK, so Congress hasn’t managed to pass a budget, fix the tax code or avert the automatic spending cuts of the dreaded “sequester.”

Are they getting anything done on Capitol Hill? Yes, and you’ll probably be surprised to hear where progress is being made: gun control.

…. there is a good chance that Congress will do two things: strengthen the system of background checks on gun buyers and toughen the penalties for illegal gun trafficking. In practical terms, those measures are probably more important than an assault-weapons ban, which wouldn’t affect the millions of military-style guns already in circulation……

If Congress acts on background checks and gun trafficking but fails to pass a ban on assault weapons or ammunition clips, liberals will be disappointed. But President Obama will declare it a victory — and he’ll be right.

Addicting Info: House Republicans Give Themselves 239 Days Off, Average American Worker Only Gets 12

… even as House Republicans portray the average American as lazy bottom feeders sucking off the government teat, they have given themselves an astonishing 239 days off this year. That means they will only work 126 days during a year when the nation has a multitude of issues to deal with.

Washington Post: In Florida, President Obama has nominated the first openly gay black man to sit on a federal district court. In New York, he has nominated the first Asian American lesbian. And his pick for the U.S. Court of Appeals for the D.C. Circuit? The first South Asian.

Reelected with strong support from women, ethnic minorities and gays, Obama is moving quickly to change the face of the federal judiciary by the end of his second term, setting the stage for another series of drawn-out confrontations with Republicans in Congress.

10:05: President Obama hosts the bipartisan, bicameral leadership of Congress at the White House; VP Biden also attends.

11:30: Jay Carney briefs the press

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AP: The White House says automatic spending reductions set to kick in will be put off until as close to midnight Friday as possible.

The law, passed by Congress on Jan. 2 simply says that “on March 1, 2013, the president shall order a sequestration for fiscal year 2013.” That’s budget talk for an $85 billion reduction in defense and domestic spending between now and Oct. 1.

Obama can issue that order at any point in the day.

And White House press secretary Jay Carney says that means midnight, Friday – or as close to midnight as possible: 11:59 p.m. and 59 seconds.

Paul Krugman: So, after reading the Bob Woodward saga of the alleged “threat” from Gene Sperling, the White House supereconwonk, I went through my own correspondence with Gene, and couldn’t find anything threatening – although I guess you could read his injunction, at one point, to “take care” in an ominous tone of voice.

Hey, don’t I rate some proper intimidation?

But then, Woodward’s story is looking supremely silly too. Can Robert Redford unportray him, or star in a sequel titled “All the president’s crybabies”?

Noam Scheiber (October 2012): …. I didn’t find Woodward’s book unusually tedious. In fact, I learned a lot from it. What I found it to be was remarkably slanted.

…. it is relentlessly biased against the president. Woodward argues that the White House and Congress failed to reach a major deficit-reduction deal last summer because Obama didn’t provide the necessary leadership, even though this thesis is untethered from Woodward’s own reporting, to say nothing of reality.

But, in another sense, the book is perfectly in sync with Woodward’s oeuvre. There is a body of respectable Washington opinion that considers Obama unworthy of the presidency: he hadn’t put in his time before running, didn’t grasp the majesty of the office, evinced no respect for the way things were done. He not only won without courting the city’s elders, he had the bad manners to keep his distance even after winning. This is the view Woodward distills.

I reckon this line says it all: “There is a body of respectable Washington opinion that considers Obama unworthy of the presidency…..”

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ThinkProgress: Bob Woodward appeared on Fox News’ Hannity on Thursday to complain about Gene Sperling’s email…. During his interview with Sean Hannity, Woodward claimed that he had been “roughed up” by Sperling and agreed with the host’s characterization of the Washington journalists as liberals who are disinterested in challenging the president with Bill Ayers, an education advocate who was part of the group the Weather Underground:

HANNITY: The fact that the president …. wasn’t asked about his association with Bill Ayers was troublesome to me, I think we’ve got a media that’s not as critical as perhaps it once was in, for example, the days of Watergate.

WOODWARD: Well, I agree with that. We need to be very aggressive and it’s one of the judges that said democracies die in darkness and I really think that’s true.

Todd Purdum (Vanity Fair – Feb 21): With drastic government spending cuts due to kick in, the top job at the Pentagon still vacant, and Congress conveniently out of town for its Presidents’ Day recess, the White House press corps has paused this week to bemoan not the state of the republic but of itself.

…. as a class, they are the world’s biggest whiners. I know because I was once one of them, and a first-class whiner myself. I don’t think their argument holds water. The modern presidency is so sprawling and complex that the reporters best equipped to cover it are the experts in various fields, from defense to transportation, to agriculture, to health care….

What the White House reporters are good at is “gotcha,” at catching a president’s inconsistencies, slipups, and animadversions—at stirring the pot and producing a sharp headline, however fleeting. When The New York Times can ask Obama (with a theoretically straight face) whether he is a “socialist,” then anything can happen. Is it any wonder that he has not given the paper an interview since 2010? What president would? ….